Daily Archives: November 3, 2014

According to preliminary estimates, compared to the corresponding period of the previous year the average growth of real GDP rate amounted to 5.9% in 9 months of 2014 while, in the third quarter of 2014 – 5.5%. According to recent data, the country’s economy is in stagnation and GDP decline …

Since 2015 a basic salary of teachers will increase by GEL 50 in Georgia, a salary of teachers of high category – by GEL 200. Minister of Finance of Georgia Nodar Khaduri states. According to him, an increase is provided by the draft budget for the next year. “Salaries of teachers …

An interview with Zhang Wenchai, Vice-President of the Asian Development Bank (ADB) Georgia’s economy will grow faster if the government carries out reforms, cares of macroeconomic stability and learns to finish the projects in time. This is an opinion of Vice President of the largest donor – the Asian Development …

Issuance of preferential mortgage loans to the tourism business representatives affected during the August 2008 war began in Adjara. Liberty Bank has already issued loans to several beneficiaries, however, there is still discontent around the project. The government of Adjara and Liberty Bank signed a Memorandum to issue preferential loans back …

A ferry service will be opened across the Caspian Sea between the ports of Turkmenbashi (Turkmenistan) and Olya (Russia), press service of governor of Russia’s Astrakhan province said. “The opening of the Turkmenbashi- Olya ferry route will become the promising element of the work. This will give impetus to the …

Germany Manufacturing Purchasing Managers’ Index (PMI) rose to 51.4 in October from September’s 15-month low of 49.9. That said, the rate of improvement in operating conditions was modest overall and well below levels seen at the beginning of the year. The headline index reading followed an earlier flash estimate of …

The loss, which was attributed to its struggling mobile phone business, was not as great as analysts had expected. In September the firm warned its annual loss might be more than four times bigger than initially forecast. The firm said it now expects a full-year loss of 230bn yen, compared …

HSBC is among several banks being investigated over the alleged rigging of currency markets. The bank also set aside $589m (£368.2m) for potential further PPI insurance mis-selling claims. “Despite the rising regulatory expectations, I am confident our business model remains sustainable,” said HSBC boss Stuart Gulliver. HSBC disclosed the figures …

Richard Branson has not yet publicly announced whether he will attend the funeral of Michael Alsbury, the 39-year-old test pilot killed when the spacecraft Virgin Galactic exploded over the Mojave Desert last Friday. Since the question now being asked is whether Branson’s determination to send tourists into space may have …